China's Aluminum Output to Increase 10.5% in 2012-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Futures movement
  • Silicon
  • Inventory data
  • Copper
  • Prebaked anode
  • Lead
  • NEV
  • Evening comments
  • Nickel
  • MMi Iron Ore Port Index
  • New Energy Vehicle
  • Production data
  • Market commentary

China's Aluminum Output to Increase 10.5% in 2012

Industry News 09:22:55AM Feb 16, 2012 Source:SMM

Feb. 15, 2012 (China Knowledge) - China's primary aluminum output of this year is expected to increase by 10.5% at least to 21.5 million tons as capacity grows, said Li Guangdong, general manager of Chinalco International Trading Co, a unit of Aluminum Corp of China Ltd (Chalco)<601600><2600><ACH>, the top aluminum maker in the country.

The country's aluminum demand in 2012 would reach 21.3 million tons, reflecting an increase of 6.6%.

Li added that many Chinese aluminum smelters have delayed the start-up of new capacity due to weak prices.

Global primary aluminum output would total 48.8 million tons in 2012, up 7% from a year earlier, principally boosted by capacity expansion in China, the Middle East and India. The aluminum demand in the world is estimated to increase by 6.4% to 48 million tons this year.

Shanghai Futures Exchange third-month aluminum contract prices would reach between RMB 15,500 and RMB 17,500 per ton this year, said analysts.
 

Key Words:  primary aluminum  aluminum Al 

Price

more
Gold(99.99%)
Apr.19
279.4
1.3
(0.48%)
Gold(99.95%)
Apr.19
279.5
0.9
(0.33%)
#1 Silver(99.99%)
Apr.19
3511.0
10.0
(0.29%)
Silver(99.95%)
Apr.19
3496.0
10.0
(0.29%)
Silver(99.90%)
Apr.19
3481.0
10.0
(0.29%)

China's Aluminum Output to Increase 10.5% in 2012

Industry News 09:22:55AM Feb 16, 2012 Source:SMM

Feb. 15, 2012 (China Knowledge) - China's primary aluminum output of this year is expected to increase by 10.5% at least to 21.5 million tons as capacity grows, said Li Guangdong, general manager of Chinalco International Trading Co, a unit of Aluminum Corp of China Ltd (Chalco)<601600><2600><ACH>, the top aluminum maker in the country.

The country's aluminum demand in 2012 would reach 21.3 million tons, reflecting an increase of 6.6%.

Li added that many Chinese aluminum smelters have delayed the start-up of new capacity due to weak prices.

Global primary aluminum output would total 48.8 million tons in 2012, up 7% from a year earlier, principally boosted by capacity expansion in China, the Middle East and India. The aluminum demand in the world is estimated to increase by 6.4% to 48 million tons this year.

Shanghai Futures Exchange third-month aluminum contract prices would reach between RMB 15,500 and RMB 17,500 per ton this year, said analysts.
 

Key Words:  primary aluminum  aluminum Al